CG Commercial Finance (CGCF) released an animated video outlining the issues and implications related to lease accounting changes proposed by FASB and IASB in the latest Exposure Draft. CGCF said that while discussing the rule changes with its clients, it recognized lessees would benefit from a concise presentation describing how the proposed changes will impact their business.

CGCF created a short video presentation that educates and informs lessees of the issues, the impact on their business, and provides guidance on how to participate in the comment period. The “white board” style video, available at www.cgcommercial.com/resourcecenter, combines CGCF’s expertise in accounting treatment of equipment leases and expert content from Bill Bosco, a tax and leasing consultant and a member of the Equipment Leasing and Financing Association’s Accounting Committee. With the debate of the final rules continuing and the September 13 deadline for comment letters fast approaching, businesses impacted by the proposed account changes still have an opportunity to send their comment letters.

The video summarizes and provides key points of knowledge for lessees, lessors and vendors of capital equipment. The web site resource center contains additional information including the current Exposure Draft details, industry white papers, comment letters, sample letters and links to other resources.